The following may be helpful for your dealings with employees. Here are some template letters from Fair Work Australia for employers to use when hiring, managing an employee or ending the employment of an employee. These templates will continue to be updated over time, so while the templates below will be a guide as to

As Metro Trains and the Rail, Tram and Bus Union came to an agreement on key terms in a pay dispute, a Melbourne train strike has been averted. This is good news for AFL Grand Final fans. And as the train drivers celebrate their win to get an improvement in salaries and working conditions, here

Most students in Australia can defer paying tuition fees by using student loan schemes. The Higher Education Loan Program (HELP) covers a range of student loans that are paid back through the tax system over time once you start earning enough money. HELP compulsory student loan repayments: New thresholds, and planned new minimum. The more

Rules of thumb are sometimes handy, but no-one expects them to be accurate, and such rough standards naturally infer variability. One rule of thumb that has circulated in SMSF circles for years is that the bare minimum required to be able to cost-effectively run a fund is around $200,000. More than a guesstimation, the “bare

Not all taxpayers may be aware of how the use of estimates can impact their annual tax bill. Estimates are most commonly used in apportioning expenses between private and business use. More importantly however is the use of valuations to estimate the cost of transactions that are not arm’s-length or when no actual cash changes